Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter http://twitter.com/#!/lucksr

Friday, January 7, 2011

Reigning The Nifty 7th January 2011



 Daily Chart





Half Hourly Chart


Fall continues.The rise from 5982 has been retraced more than 78%  increasing chances of testing 5982.If the Nifty bounces from support at the short term uptrendline from 5721 lows,  then will face strong resistance from the upper trendline of the rising wedge at 6186.All demas 5,10,20,50 are bullishly aligned. Support from the 20 and 50 dema are at 6034 & 5995 respectively. The Previous low at 5982 which should be good support.

Resistance from falling channel of half hourly charts is at 6068-6026.

Other significant supports now at 5992-5933-5878-5850.  Resistance at 6061-6086-6105-6121. 



follow me on twitter http://twitter.com/#!/lucksr

Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com

No comments: